Italian bank UniCredit
and payments company Nexi have agreed on
broad terms to renegotiate their existing working agreement, a
person with knowledge of the matter said, confirming press
reports. .
Nexi is happy to
work with UniCredit to help one of its biggest clients
achieve its ambitions in payments, but the contract between the
two groups is solid and any change would have to benefit.
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UniCredit Narrows CEO Search as Some Investors Push for Orcel
By
Jean Pierre Mustier
(Bloomberg) The race to succeed UniCredit SpA Chief Executive Officer Jean Pierre Mustier is accelerating, with the Italian bank trimming its list of preferred candidates to just three or four after high-profile names such as Tidjane Thiam dropped out of contention.
The bank is now seeking to name a successor earlier than its initial target of Feb. 10, according to people with knowledge of the search. Those still in contention include former UBS Group AG investment banker Andrea Orcel, Fincantieri SpA General Manager Fabio Gallia and UniCredit co-Chief Operating Officer Carlo Vivaldi, the people said, asking not to be named because the process isn’t public.